good point.
I would also drop the Coin and just name the project "Elastic"
and in the crowdfunding one can get "tokens" instead of coins.
[ELC] Elastic: A Revolutionary, Crypto-Driven Computation Cluster (weighted Crowdfunding)
Thanks for your ideas. I also tend to go this way.
However, I am not sure if the term "tokens" could devaluate itself from the marketing perspective.
In fact, ELC (coins or tokens) would (hopefully at some point) have an intrinsic value which is mostly determined by the price of comparable computation clusters available.
Any other opinions here from the rest of the community? We should find a consensus
before the promotional video gets created (which will happen pretty soon).
I'd like to know how its going to work before making a decision on this, but I think we may want to keep the 'coins' instead of tokens, even if we drop them from the main title which I don't mind at all.
My reasoning is that I would anticipate a distributed network being less efficient than a commercial operation with wholesale electricity and so on, meaning that providing a competitive price for computation may not be easy.
One thing that attracted me to this was the idea that miners would also earn transactions fees - effectively subsidizing the cost of computation for the customer (and subsidizing the cost of mining for the cryptocurrency as well) and making this network highly competitive on price. But for that to work, you need transactions taking place, which means marketing this as
both a computation cluster
and a digital currency or 'coin'.
